The UAE Global Management Challenge, a leading strategy and management competition, kicked-off its trial round recently, with 47 teams comprising more than 200 participants.

The challenge seeks to help bolster management skills required to build a knowledge economy, said a statement.

Marcos Quadros, CFO of AW Rostamani Group, said:  “The challenge is a good platform for us to train and develop our managerial staff in a real-time, simulated environment, where they can compete against skilled professionals from other companies and organisations.”

The trial run was aimed at acclimatising the teams to their simulated environment. The 47 teams from UAE companies and universities that had signed up for the trial will be competing for the chance to become the ‘UAE Champion.’

The participants within the teams will assume roles - in finance, marketing, production and HR sectors - and plan their business strategy. They will analyse financial and economic indicators, develop corporate strategy, interact within functional areas of a company, and gain an in-depth understanding of the market conditions in which their companies compete.

Their overall aim will be to maximise the virtual company’s investment return for shareholders.

The winner of the UAE competition will then compete at the global level in April when the international finals take place in Sochi, Russia. - TradeArabia News Service